Greg LaRue

RE/MAX Memorial Town & Country

9821 Katy Frwy #210
Houston, TX 77024


Cell: 713-817-2513   
Phone: 832-204-1375 
Fax: (832) 204-1493

Housing Trends

August 2011

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National market update

Second Quarter Metro Area Prices Mixed with Little Change

Washington, DC, August 10, 2011 - Lawrence Yun, NAR chief economist, said home prices have been moderating. "Median home prices have been moving up and down in a relatively narrow range in many markets, which shows a stabilization trend”. More...

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Housing Affordability at Highest in 20 Years

Housing affordability continued to be near record highs in the second quarter, hovering near its highest level in the 20-plus years it has been recorded, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. More...


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National housing indicators

Existing home sales ()

4.67 million units*

Existing home median price ()

$174,000

Housing Starts ()

604,000 units*

New home sales ()

312,000 units (June)*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

2nd Qtr 11

65.9%

1st Qtr 11

66.4%

The homeownership rate in the second quarter 2011 (65.9 percent) was lower than the second quarter 2010 rate (66.9 percent). The homeownership rates in all four regions were lower than their corresponding second quarter 2010 rates

New home sales

June 11

-1.0%

May 11

-0.6%

Sales of new one-family houses in June 2011 were at a seasonally adjusted annual rate of 312,000. This is 1.0 percent below the revised May 2011 estimate of 315,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Greg LaRue

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

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ZaZa Gabor's Estate is Finally For Sale

Take a peak inside ZaZa's French Estate listed for $15 Million. It's 50% less than she and hubby, Frederic Prinz von Anhalt, had planned to list the property for before their REALTOR explained the market trends and their need for quick sale because of her medical bills. More...

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No Sweat: Programmable Thermostats Save on Energy Costs

Advanced programmable thermostats give you precise control over your heating and cooling, helping to reduce wasted energy. More... Read more

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What's a $15.5 Million View?

Ever dreamed of moving down under? Well, here's something to dream about! Sydney's famous Skyhouse definitely has a $15.5M view. More...
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Why Your Green Home Improvements Aren’t Paying Off

Forget big savings on your energy bills if you make green home improvements. Instead, choose green retrofits and home improvements that offset rising energy prices. More... Read more

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Wondering Where to Start to Create the Perfect Home Office?

Inc.com's Lauren Folino says, "Whether you are the owner of a home-based business, a virtual worker, or you simply want to establish a space in your home to handle the demands of your off-site business, carving out a home office can help you be more productive...". More...
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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.